OMDA Oil and Gas, Inc. (OOAG)

[Sheepdog]

OK - how about this one:

"OIL CITY, La.--(BUSINESS WIRE)--Nov. 6, 2003

Repurchase decreases outstanding shares and improves stockholder value

OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), announced today that it has entered into an agreement with the Company's majority stockholder to repurchase up to ten million shares of the Company's common stock on terms that are very favorable to the Company. The buy-back represents approximately 1% of the outstanding shares of the Company and is one additional step in the Company's extensive restructuring efforts. The repurchase reduces the outstanding number of shares of common stock to approximately 989,952,715 thereby effectively increasing the percentage ownership of all remaining stockholders."


Terms that are very favorable to the Company??? Or the "major shareholder". The shares were bought back @ $.04 and the market price of the shares on 11/6/2003 was $.0095

Wonder if we got the same favorable terms last week. If so, then AEB bought his shares back at over $.20/share and for 100M shares means he bought them back for over $20M. Not bad pay for a week at the hype mill.

Of course, just speculating here because AEB has NEVER has provided actual data (except accidentally)

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